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Posts on ‘June 16th, 2017’

Royal Dutch Shell Gets EU OK to Sell Northern North Sea Petroleum Ops to Chrysaor

June 16, 2017, 11:01:44 AM EDT By MT Newswires

Royal Dutch Shell ( RDS.A ) American depository shares were higher over 1% on Friday after the European Commission said it has cleared the sale of the company’s Northern North Sea petroleum business to Chrysoar Holdings Limited, part of US-based investment fund EIG Global Energy Partners.

“The Commission concluded that the proposed acquisition would raise no competition concerns given the very limited overlap between the companies’ activities and the presence of strong competitors,” the Commission said. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

European Commission approves Shell’s $3.8 billion North Sea sale

Friday 16 July 2017

The European Commission approved on Friday Royal Dutch Shell’s (RDSa.L) $3.8 billion sale of North Sea oil and gas assets to private equity-backed Chrysaor.

“The Commission concluded that the proposed acquisition would not raise competition concerns, because of its limited impact on the market structure,” the Commission said in a statement.

Shell welcomed the “important milestone” toward the completion of the deal which is expected in the second half of this year. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.
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